[Editor: This article, regarding the Nuggety Ajax mine (in Daylesford, Vic.), was published in The Age (Melbourne, Vic.), 26 May 1919.]
Nuggety Ajax, Daylesford.
During the half year ended 10th May the Nuggety Ajax Co., Daylesford, milled 1438 tons of stone for 645½ oz. gold.
In addition to the £2857 thus obtained the board called up £940 from shareholders. When the term closed the company possessed stores worth £360, and concentrates £100. The bank debit stood at £178, and outstanding accounts were estimated at £375. The company has a Government grant of £770.
Flat makes of stone of fair average value are being stoped from No. 8 level. The manager states that while the ore being stoped from the intermediate levels working is patchy, there are indications that it will improve to the northward. On No. 7 level stoping will be continued on the middle lode, which is 2 feet wide going underfoot, and has been proved to be payable.
Source:
The Age (Melbourne, Vic.), 26 May 1919, p. 9
Editor’s notes:
oz. = an abbreviation of “ounce” and “ounces” (an ounce is a unit of mass that is equal to 480 grains; although there were some variations in historical measurements)
payable = something which makes, produces, or yields enough of value, so as to be profitable (e.g. a payable mine); able to produce profits; profitable
stope = an excavation (in a mine) which is made in the form of terraces or steps; (verb) to mine ore via the use of stopes
[Editor: The original text has been separated into paragraphs.]
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